The macro economy is not optimistic, and the crypto market has plummeted💀💀💀

BTC / ETH prices remain on the backfoot, with technical chart patterns are also starting to look bearish. The Bank of England hiked rates by 25bp yesterday to 4.5% and are now rapidly catching up to the Fed, citing a much stronger than anticipated economy and higher than expected inflation as the main culprits. However, despite firm inflation expectations out of ECB's consumer expectations surveys, global government bonds enjoyed a healthy rally yesterday as any hawkish sentiment was drowned out by a very weak set of CPI/PPI and Aggregate Financing Data out of China and resurfacing regional bank jitters out of the US.